Updated Oct 28, 2024
Cove Capital Investments Acquires Multifamily Property In Lancaster With Buyer's Rep Bard Hoover, Nick Fluellen & Chris Pearson
1255 West Pleasant Run Road, Lancaster, Texas 75134, United States
Units
159
Asset Type
MultiFamily
Closing
Sep 7, 2022
About this deal
AI
The multifamily property located at 1255 W. Pleasant Run Rd. in Lancaster has been sold in a recent transaction. The property consists of 159 units and was part of the sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Date: 09/08/2022
- Market: Lancaster
- Address: 1255 W. Pleasant Run Rd.
- Units: 159
Cove Capital Investments LLC acquired the property. The deal was facilitated by Bard Hoover, Nick Fluellen, and Chris Pearson from Marcus & Millichap.
Players
Lancaster MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93